personal taxatation Archives - Page 33 of 52 - Whitefield Tax - Isle of Wight Accountants

Making tax digital – distilled

by Jessica Garbett | Mar 3, 2017 | ACCA, business issues, business taxation, HMRC, personal taxatation

Read our digest of the key points of HMRC’s consultation responses – and then let us know what you think. On 31 January, as practitioners were finalising tax returns to meet the self assessment deadline, HMRC published consultation responses indicating the...

Increase in Individual Savings Accounts (ISA) limits

by Jessica Garbett | Mar 1, 2017 | ACCA, personal finance, personal taxatation

From 6 April 2017, the annual ISA allowance will increase from £15,240 to £20,000. Introduction Individual Savings Accounts (ISAs) are tax-free funds in which UK residents can hold a range of different investments. Originally, these were cash or stocks and shares...

Getting to grips with LISA

by Jessica Garbett | Feb 28, 2017 | ACCA, personal finance, personal taxatation

LISA is potentially a valuable savings option. But how does it work and who is it aimed at? From April 2017 a new savings product called LISA (Lifetime ISA) is available. It is designed to help young people save flexibly for the long-term throughout their lives....

Protecting pension lifetime allowances

by Jessica Garbett | Feb 27, 2017 | ACCA, pension reform, pensions, personal taxatation

Deadline for applying for individual protection 2014 is 5 April 2017. The standard pension lifetime allowance was £1.5m until it was reduced to: £1.25m on 6 April 2014 £1m on 6 April 2016. Individuals may be able to protect their pensions from these reductions. There...

Scottish tax rates set to differ

by Jessica Garbett | Feb 25, 2017 | ACCA, HMRC, personal taxatation

The Scottish government has previously revealed plans to introduce tax thresholds and rates that are different from those used in England and Wales. HMRC has, as you would expect, been issuing P9X, containing rates, thresholds and tax code increases required by...

£1,500 Tax Free Pension Drawdown for Advice

by Jessica Garbett | Feb 17, 2017 | business issues, business taxation, pension reform, pensions, personal finance, personal taxatation

From April 2017 individuals will be allowed to withdraw £500 tax free from their pensions on up to three occasions, once in each tax year, for Pensions and Financial advice. This allowance is available at any age, but clearly it comes from your pension savings –...

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Making tax digital – distilled

Increase in Individual Savings Accounts (ISA) limits

Getting to grips with LISA

Protecting pension lifetime allowances

Scottish tax rates set to differ

£1,500 Tax Free Pension Drawdown for Advice

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